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GAZPROM TO DELIVER CHEAP GAS TO ARMENIA IN RETURN FOR CONTROL OF GAS NETWORK
FORBES
April 6 2006
MOSCOW (AFX) - The Armenian government has signed an agreement with
Gazprom which will give the Russian gas group control over the former
Soviet republic's gas distribution network and its part of the planned
Armenia-Iran gas pipeline in return for charging moderate gas prices
until 2009.
Gazprom has pledged to charge its neighbour 110 usd per 1.000 cubic
metres of gas deliveries until Dec 31 2008 and pay 248.8 mln usd
towards subsidising gas prices for the period.
Deliveries to Europe are currently priced at 230 usd per 1.000
cubic metres.
Under the deal Gazprom will be allowed to acquire a controlling
interest in gas distributor ArmRosGazprom as well as a section of
the 40 kilometre gas pipeline linking Armenia and Iran currently
under construction.
From: Emil Lazarian | Ararat NewsPress
FORBES
April 6 2006
MOSCOW (AFX) - The Armenian government has signed an agreement with
Gazprom which will give the Russian gas group control over the former
Soviet republic's gas distribution network and its part of the planned
Armenia-Iran gas pipeline in return for charging moderate gas prices
until 2009.
Gazprom has pledged to charge its neighbour 110 usd per 1.000 cubic
metres of gas deliveries until Dec 31 2008 and pay 248.8 mln usd
towards subsidising gas prices for the period.
Deliveries to Europe are currently priced at 230 usd per 1.000
cubic metres.
Under the deal Gazprom will be allowed to acquire a controlling
interest in gas distributor ArmRosGazprom as well as a section of
the 40 kilometre gas pipeline linking Armenia and Iran currently
under construction.
From: Emil Lazarian | Ararat NewsPress